Kingdom Advancement Center Inc

Analysis

Kingdom Advancement Center Inc is a registered charity in United States, based in Elgin, IL. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Kingdom Advancement Center Inc reported income of $258k and spending of $266k, spending 103% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $309k to $258k (-17%), an average of -5.9% a year. The sharpest change came in the year to December 2021, when income dropped by 19%. Over the whole period it spent 100% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Kingdom Advancement Center Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within IL. Charities of a similar size with the same main cause include First Congregational Church of Hudson Endowment Fund ($258k), United Presbyterians of Wilcox County Inc ($258k) and Connectus 4 Life Inc ($258k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $124k (47% of expenses). Other salaries and wages came to $5,330. At year end it held assets of $416k against liabilities of $262k, net assets of $154k. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.